this post was submitted on 29 Jul 2024
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Economics

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McDonald's executives admit diners think prices are too high, say they're working to create value (www.cnbc.com)
submitted 1 month ago by [email protected] to c/[email protected]
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  • McDonald’s executives acknowledged during an earnings call Monday that diners consider the company’s prices too high, and said they are taking a “forensic approach” to evaluating prices.
  • Amid a broader consumer pullback and increasing prices, fast-food chains have had a difficult time drawing in lower-income diners.
  • The company’s recent $5 value meal offering was initially successful in bringing lower-income diners back to stores but has yet to translate into higher sales, company executives said.
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[–] [email protected] 9 points 1 month ago (2 children)

About to get worse when they make it "cheaper"

[–] [email protected] 4 points 1 month ago

“Create value”

[–] [email protected] 2 points 1 month ago

We've scientifically found a new way to recycle 100% of items that make their way into our trash bins!

Cool! Care to explain how?

Uhh... No.